TIAA-CREF Launches Short-Term Bond Index Fund

New York, August 11, 2015 — TIAA-CREF, a leading financial services organization, today announced the launch of the TIAA-CREF Short-Term Bond Index Fund, a passively managed, short-duration fixed income mutual fund. The fund will use the Barclays U.S. 1-3 Year Government/Credit Index as its benchmark and is designed to be used as a strategic or tactical portfolio allocation.
The TIAA-CREF Short-Term Bond Index Fund will seek to maintain optimal weightings with respect to securities in the index, with exposure across a broad range of sectors, while also employing rigorous quantitative techniques to minimize and manage risk versus its benchmark.
The fund will be co-managed by Kevin Chen, a director and portfolio manager at TIAA-CREF and James Tsang, director of quantitative strategies at TIAA-CREF.  Mr. Chen and Mr. Tsang have 18 and 15 years of investment experience respectively. The new strategy will also benefit from the support of TIAA-CREF's fixed income trading team, which includes 11 traders averaging 15 years of experience, as well as the broader TIAA-CREF fixed income portfolio management team, which includes 16 portfolio managers averaging 24 years of experience.
“With interest rates projected to rise in the near future, short-term bonds represent an effective option for managing interest rate risk," said Mr. Chen. “We are pleased to make this new investment option available to investors as a tool for managing the fixed income portion of their portfolios."
The TIAA-CREF Short-Term Bond Index Fund is the latest addition to TIAA-CREF's award-winning mutual fund family, which was designated Best Overall Large Fund Company by Lipper for three years in a row.
TIAA-CREF Short-Term Bond Index Fund's retail class shares (TRSHX) are available for purchase through certain financial intermediaries or by contacting the fund directly at 800-223-1200 or www.tiaa.org. Retirement (TESHX) and premier (TPSHX) class shares are generally available for purchase through employee benefit plans or other types of savings plans or accounts such as TIAA-CREF IRAs. Institutional class shares (TNSHX) are available for purchase directly from TIAA-CREF by certain eligible investors or through financial intermediaries.

About TIAA-CREF

TIAA-CREF (www.tiaa.org) is a national financial services organization with $869 billion in assets under management (as of June 30, 2015) and is the leading provider of retirement services in the academic, research and cultural fields.

About TIAA-CREF Asset Management

TIAA-CREF Asset Management (www.tiaa-cref.org/public/assetmanagement) is part of the TIAA-CREF group of companies and provides investment advice and portfolio management services to individual investors, intermediaries and institutional clients through its subsidiaries. Its strategies cover a wide array of global asset classes, including equities, fixed income, real estate and alternative investments.

Press Contact

Mary Ellen Higgins
888-200-4062
media@tiaa-cref.org
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.
Please note the fund is subject to interest rate risk, among other risk factors.
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or log on to www.tiaa.org for product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.
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